Are resources a curse or blessings? Evidence from panel ARDL model

The present study investigates the resource curse hypothesis in mining-rich districts of Odisha by taking variables such as natural resource abundance, economic growth, investment, human resource development, financial development and institutional quality over the period 1995-2015. The panel ARDL m...

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Bibliographic Details
Published in:Theoretical and applied economics 2020-06, Vol.XXVII (2), p.191-204
Main Authors: Shakti Mohan TANDI, Prajna Paramita MISHRA
Format: Article
Language:English
Subjects:
economic growth
natural resource abundance
odisha
panel ardl
Online Access:Get full text
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Summary:The present study investigates the resource curse hypothesis in mining-rich districts of Odisha by taking variables such as natural resource abundance, economic growth, investment, human resource development, financial development and institutional quality over the period 1995-2015. The panel ARDL model is applied in order to estimate the long-rum relationship among variables based on three alternative estimators such MG, PMG and DFE. The study finds that there is a negative relationship between natural resource abundance and economic growth in the long-run. The results confirm the existence of natural resource curse in Odisha possibly because of weak institutions and lack of appropriate policies.
ISSN:1841-8678
1844-0029